The Fibonacci strategy denotes a quite interesting betting system in roulette. It all started with a guy called Leonardo of Pisa, who was more famous under the name Fibonacci. Having been born in 1170 in Pisa, he used to travel together with his father, who was a deputy, across the Mediterranean. Such travels exposed him to many different cultures and their math tricks, which helped him create that very famous Fibonacci sequence. This series goes like 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and on, each number being the sum of the 2 preceding. How cool is something from that long ago still being used today?
How the Fibonacci Strategy Works in Roulette
Now, how do you apply this strategy over roulette? Well, it's easy. You just place a bet on some of those even money bets, red/black or odd/even. Here’s how you do it:
How to Use the Fibonacci System in Roulette
- Start with the first number in the sequence.
- Place your bet on even money bets (e.g., red/black, odd/even).
- If you win, move back two steps in the sequence.
- If you lose, move to the next number in the sequence.
- Continue this process.
Example:
- Starting bankroll: $1000.
- Bet on red/black.
- Win pays 1:1.
- The table starts with a loss to illustrate the sequence.
| Bet Number | Fibonacci Sequence | Bet Amount ($) | Win/Loss | New Bankroll ($) | Total Earnings ($) |
| 1 | 1 | 1 | Loss | 999 | -1 |
| 2 | 1 | 1 | Loss | 998 | -2 |
| 3 | 2 | 2 | Loss | 996 | -4 |
| 4 | 3 | 3 | Loss | 993 | -7 |
| 5 | 5 | 5 | Loss | 988 | -12 |
| 6 | 8 | 8 | Loss | 980 | -20 |
| 7 | 13 | 13 | Win | 993 | -7 |
| 8 | 5 | 5 | Win | 998 | -2 |
| 9 | 2 | 2 | Win | 1000 | 0 |
| 10 | 1 | 1 | Win | 1001 | 1 |
| 11 | 1 | 1 | Win | 1002 | 2 |
| 12 | 1 | 1 | Loss | 1001 | 1 |
| 13 | 2 | 2 | Loss | 999 | -1 |
| 14 | 3 | 3 | Loss | 996 | -4 |
| 15 | 5 | 5 | Win | 1001 | 1 |
| 16 | 2 | 2 | Win | 1003 | 3 |
| 17 | 1 | 1 | Win | 1004 | 4 |
| 18 | 1 | 1 | Win | 1005 | 5 |
| 19 | 1 | 1 | Loss | 1004 | 4 |
| 20 | 2 | 2 | Win | 1006 | 6 |
| 21 | 1 | 1 | Win | 1007 | 7 |
In this table:
- The bet number is the sequence of bets.
- The Fibonacci Sequence is the current step in the Fibonacci sequence.
- Bet Amount ($) is the amount bet according to the Fibonacci sequence.
- Win/Loss indicates whether the bet was a win or loss.
- New Bankroll ($) is the updated bankroll after the bet.
- Total Earnings ($) is the cumulative earnings or losses after each bet.
This pattern can continue indefinitely, adapting to the results of each bet. The key is to remember to move back two steps in the Fibonacci sequence after a win and move forward one step after a loss. This table helps to visualize how the bankroll changes over time using this betting strategy.
The goal here is to recover your losses over time by increasing your bets after losses and reducing them after wins.
Pros and Cons of the Fibonacci Strategy
Pros:
- Manageable Losses: Unlike the Martingale system, where the bets are doubled after every loss, the Fibonacci system gradually increases the bets. This makes it less risky, in my opinion.
- Ease of Use: The sequence is all about simple addition, which makes it easy to follow.
- Flexible Reset: You decide when to restart the sequence, which can be a strategic advantage.
Cons:
- Not Foolproof: This strategy doesn't change the odds of the game. Roulette is still a game of chance, so no strategy can guarantee a win.
- Limited Long-Term Success: Over time, the house edge will prevail, making this strategy better for short-term play.
- Missed Opportunities: The system is designed to recover losses, not maximize winnings, which can limit profit during winning streaks.
Reverse Fibonacci Strategy
There is also a neat, cool twist called the reverse Fibonacci strategy. Here, you up your bet after a win and decrease it after a loss. That can generate higher profits on a winning streak but also generate more losses should you be on the wrong side of variance. And this is how that could look:
| Bet Number | Fibonacci Sequence | Bet Amount ($) | Win/Loss | New Bankroll ($) | Total Earnings ($) |
| 1 | 1 | 1 | Win | 1001 | 1 |
| 2 | 1 | 1 | Win | 1002 | 2 |
| 3 | 2 | 2 | Win | 1004 | 4 |
| 4 | 3 | 3 | Win | 1007 | 7 |
| 5 | 5 | 5 | Win | 1012 | 12 |
| 6 | 8 | 8 | Loss | 1004 | 4 |
| 7 | 3 | 3 | Win | 1007 | 7 |
| 8 | 5 | 5 | Win | 1012 | 12 |
| 9 | 8 | 8 | Win | 1020 | 20 |
| 10 | 13 | 13 | Loss | 1007 | 7 |
| 11 | 5 | 5 | Win | 1012 | 12 |
| 12 | 8 | 8 | Loss | 1004 | 4 |
| 13 | 3 | 3 | Win | 1007 | 7 |
| 14 | 5 | 5 | Win | 1012 | 12 |
| 15 | 8 | 8 | Win | 1020 | 20 |
| 16 | 13 | 13 | Loss | 1007 | 7 |
| 17 | 5 | 5 | Loss | 1002 | 2 |
| 18 | 2 | 2 | Win | 1004 | 4 |
| 19 | 3 | 3 | Win | 1007 | 7 |
| 20 | 5 | 5 | Win | 1012 | 12 |
| 21 | 8 | 8 | Win | 1020 | 20 |
Tips for Using the Fibonacci Strategy
Set Clear Limits
Decide beforehand how much you're willing to bet and stick to that limit. This will help you avoid chasing losses.
Cap Your Sequence
Setting a maximum bet limit can help control potential losses during a long losing streak.
Use Fractional Bets
Instead of strictly following the sequence, you can use smaller bets to lower overall risk.
Take Breaks
If you hit a long losing streak, take a break. This can prevent emotional decisions and further losses.
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